Thank you! FGMC/GOODMORTGAGE based out of Plano, TX laid off 36 retail employees with a 15 minute notice and a pre-recorded call with a generous 1 week severance, didnt even matter if you gave years or months of service. Not sure why. Based on the company location, we can see that the HQ office of Home Mortgage Alliance is in DENVER, CO. Those can be viewed below the layoff lists at the very bottom of the page. I can verify that Lennar Mortgage laid off 114 people on 1/6/2023, then two weeks later gave the ones left 2% to 4% raises and a lot of promotions with 10% raises. Alliance Mortgage Group - Hourly Rate - Get a free salary comparison based on job title, skills, experience and education. The average savings rate in the United States is 0.42% (APY) according to the FDIC, while the best rate on a high-yield savings account is 5.15% APY from Western Alliance Bank, powered by Raisin. The employees have received notice not to come to work. $49,504 per year. Where is Sun West Mortgage on this list???? * indicates required. 7 bankruptcy Liberty One Lending ceased operations LIME Financial Services (Credit Suisse wholesale) ceased lending LIME Financial Services, Ltd sold to Credit Suisse, downsized from 450 to 225 Lincoln Park Savings Bank shut by FDIC Live Well Financial, Inc. halted mortgage lending Lloyds TSB to buy Halifax Bank of Scotland for $22 billion Loancity closed 7 branches, shut down loanDepot and imortgage.com merged loanDepot acquired Mortgage Master, Inc. Loans 123 no longer taking anymore business London & Scottish Mortgages (LSM:UK) stopped accepting new applications Lone Star facing lawsuit over purchase of Accredited Home Lenders Lone Star to buy Bear Stearns Residential Mortgage Corp. Long Beach Mortgage Co. (WAMU) winding down operations Long Mortgage lost financing, parent First Magnus trying to dissolve unit Los Padres Bank shut by FDIC LowerMyPayment.com closed, mortgage lead company Lownhome Financial closed LRES acquired Lenders Choice Luminent layoffs, two default notices, selling equity stake to Arco Capital Corp. Luminent Mortgage filed Chapter 11 bankruptcy Lydian Mortgage shut wholesale, layoffs Lydian Private Bank shut by FDIC M&T Bank cut wholesale mortgage jobs M&T Bank acquired Hudson City Savings Bank, 384 layoffs MacQuarie Mortgages USA halts loan origination MacQuarie Mortgages USA laid off 69 employees McIntosh Commercial Bank shut by FDIC McIntosh State Bank shut by FDIC Madisonville State Bank shut down MagnetBank shut down by FDIC Main Street Bank shut down by FDIC Mainstreet Bank (MN) shut by FDIC Mainstreet Savings Bank shut by FDIC Mandalay Mortgage closed Marco Community Bank shut by FDIC Maribella Mortgage closed Maritime Savings Bank shut by FDIC Market Street Mortgage layoffs Market Street Mortgage to be broken up and sold in pieces, 53 layoffs Marlin Mortgage Company, LLC shut it doors Marshall Bank shut by FDIC Master Financial layoffs, ceased wholesale production Maverick Residential Mortgage reportedly closed MB Financial to stop mortgage lending, cut 500+ jobs MCAN Mortgage Corporation acquired Xceed Mortgage (Canada) MEM Financial Solutions filed for bankruptcy Member First Mortgage acquired Platinum Financial Funding Mercantile Mortgage ceased operations Meridian Bank shut down by FDIC Meridias Capital layoffs, rumors of employees not being paid Meritage Mortgage closed, staff employed by LIME Financial Merrill Lynch bought First Franklin Merrill Lynch to cut 4,000 jobs Merrill Lynch halted all lending at UK subsidiary Wave, layoffs Merrlin Mortgage Corp. acquired by Heartland Mortgage Co. MetLife halted reverse mortgage lending, sold servicing rights to Nationstar Mortgage Metlife shut down its forward mortgage division, 4,000+ layoffs MetLife acquired EverBank Reverse Mortgage LLC MetLife to buy First Horizon mortgage unit MetLife Bank cut 116 jobs in Irving, Texas Metro Bank of Dade County shut by FDIC Metrocities Mortgage now Prospect Mortgage Metrocities Mortgage stopped wholesale lending Metrocities Mortgage acquired Mortgage Services Unlimited Metro Pacific Bank shut by FDIC MCAP Financial (Canada) suspended subprime lending through its Eclipse division MGIC bought rival mortgage insurance provider Radian Group (abandoned) MGIC Investment Corp. cut 19 jobs at Milwaukee headquarters Miami Valley Bank shut down by the FDIC Michigan Mutual cut 68 mortgage jobs in Southfield Mid America Mortgage, Inc. to purchase assets of American Southwest Mortgage Corp. and American Southwest Mortgage Funding Corp. $31,249 / yr. Assistant Site Director salaries - 2 salaries reported. Chase laid off hundreds yesterday 6/22 in mortgage and home lending. Required fields are marked *. Fairway Independent Mortgage just closed a few branches affecting Colorado, California, Wyoming and Washington on 2/28/2023. Is Rushmore a good company and did Beneficial merge with this company? More than a decade since the Great Recession began, mortgage companies are still facing the consequences of getting involved in what was then a very risky housing market. Its non-profit Movement Foundation has funded a network of charter schools in Charlotte as well as affordable housing and health care initiatives. Western Alliance Bank salaries are the highest in New York, NY, at $122,694 per year. The title search reveled that Washtenaw Mortgage Company never released the Deed of Trust from the loan that was completed in 2002. On Aug 4, 2022 loandepot began their layoffs, not sure why PRMG is not included on your list of recent layoffs they did layoff several people- staff that has been there over 10 years. How is the government going to know that the person lied (in the) application? Bank Director named us the #1 Best Emerging Regional Bank for 2022, and Western Alliance ranked #2 best-performing of the 50 largest public U.S. banks in the S&P Global Market Intelligence listing for 2021. Keeping all the department heads dead weight and hiring based on lower compensation plans, lower scale talent, and making others do more work will only come back to bite the entity in the end and hurt the brand and culture. Accurate, reliable salary and compensation comparisons for United States Well, compared to other EU countries Italy generally falls short. Its a shame whom would take over the loans if people are still buying homes. naar . Non-cash benefit. to let us know you're having trouble. AAG has laid off for the 2nd time this year AFTER assurance that jobs were secureHUNDREDS laid off! Cross Country Mortgage layoffs in August, September and October. Today's top 18 Mortgage Alliance jobs. Prosperity Home Mortgage had another round of layoffs, late February. I guess Im not alone, but thats unfortunate to see. What Mortgage Rate Can I Get With My Credit Score? Guaranteed Rate is getting ready to do two large layoffs before the Holidays. Thomas and Solomon LLP of Rochester, New York. Statement credits for hotels ($200 per year for partner hotels), streaming entertainment ($100 per year), Walmart+ membership ($155 per year), Uber ($15 per month), airline fees ($200 per year . The Truth About Mortgage. We received a 10-minute notice. How much interest can you save by increasing your mortgage payment? It sure opened my eyes to look for another industry. excuses voor het ongemak. Open Mortgage laid off 25 people back in March 2019. $146,681 per year. Hi, Can you please tell me who took over the accounts for Beneficial Mortgage? Between the first and second quarter of 2006 alone, mortgage repurchase requests also tripled thanks to shoddy underwriting that was prevalent during that era. to close, 89 layoffs Steward Financial closed Stewart Information Services halted delinquent loan servicing business Stone Creek Funding closed Stonegate Mortgage closed 47 retail branch locations Stonegate Mortgage acquired Medallion Mortgage Company Stonegate Mortgage acquired Crossline Capital Stonegate Mortgage acquired NattyMac Stonewater Mortgage Corp. halts new originations, sold to Caliber Funding LLC Strategic Capital Bank shut down by FDIC Southern Colorado National Bank shut down by FDIC SouthStar Funding closed Southwest Business Corp. purchased 15 Home Loan Corp. branches Stewart Lender Services acquired key assets of Allonhill, LLC Suburban Federal Savings Bank shut down by FDIC Summit Financial Group Inc. closed residential mortgage unit Summit Mortgage Co. to close Sun American Bank shut by FDIC Sun National Bank laid off 242 employees, exit residential mortgage business Sun Security Bank shut by FDIC Sun West Bank shut by FDIC Sunset Direct Lending closed Sunshine Mortgage Corp. shut down Sunshine State Community Bank shut by FDIC SunFirst Bank shut by FDIC Sunrise Bank closed by FDIC Sunrise Bank of Arizona shuttered by FDIC SunTrust Bank exited wholesale channel, 67 layoffs in Tampa, FL SunTrust Bank cut 800 mortgage employees nationwide SunTrust Bank closing wholesale lending offices Summit Bank shut by FDIC Superior Bank shut by FDIC Synergy One Lending acquired BBMC Mortgage Synovus Financial to buy FCB Financial Holdings Syringa Bank shut by FDIC Syracuse Securities, Inc. closed, transferred loan officers and some staff to Premium Mortgage Corp. Tamalpais Bank shut by FDIC TBW to file for bankruptcy protection, around 1000 layoffs TCF Bank acquired Rubicon Mortgage Advisors, LLC TeamBank shut down by FDIC Temecula Valley Bank shut by FDIC Tennessee Commerce Bank shut by FDIC Texas Capital Bank exited correspondent lending Texas Community Bank, National Association shut by FDIC The Bank of Bonifay shut by FDIC The Bank of Commerce shut by FDIC The Bank of Georgia shut by FDIC The Bank of Miami shut by FDIC The Bank of Union closed by FDIC The Bankers Bank acquired Advance Mortgage Corp. Lendus formerly Rpm that had to pay a huge fine of 20mm to the cfpb finally folded. The average salary for Alliance Mortgage Group employees is $48,000 per year. Good luck. Apparently they are merging with another company??? 3 min read. My husband and I have recently applied for a home equity loan. Santander Bank just announced today that they are closing their entire home loans and HELOC divisions and will stop taking applications February 11th. Individual pay rates will, of course, vary depending on the job, department, location, as well as the individual skills and education of each employee. I first created this list of mortgage layoffs and closures in February 2007. Use this mortgage calculator to determine your monthly payment and generate an estimated amortization schedule. 2 salaries reported. It's important to factor in the cost of living when negotiating a salary or choosing a place to work.